Kodal Minerals Share Discussion Threads

[theaviator] 23/11/2020 21:58

He's just trolling everywhere am invested Mick and Brut is in here too. He's a nobody and has mental issues. Just ignore. The gold one should come. Just needs signed.

[mick1909] 23/11/2020 21:41

0.5p thats a 6 bagger from here happy days

[zxie] 23/11/2020 19:22

Company well-funded to continue Bougouni Lithium Project development plan and gold exploration strategy with gold exploration activity planned for Cote d'Ivoire to commence in November 2020

[zxie] 23/11/2020 19:12

This week will get more news in

[zxie] 23/11/2020 19:12

Very soon .Kodal has continued to focus on its flagship Bougouni Lithium Project and the progress of its Mining Licence application. Our communication with the government authorities has continued and we have received confirmation that our application is proceeding. As previously announced, all technical and compliance requirements have been completed by Kodal to the satisfaction of the officials and the application is now proceeding through the official channels with our expectation for it to be recommended for grant of a Mining Licence

[bashmore] 23/11/2020 19:08

I hope KOD pops soon so I can get more KEFI :D

[brut winky] 23/11/2020 18:53

Any news on the licence and these will fly, clearly no sellers if there isn't any at interims with a loss even though it was expected.

[bashmore] 23/11/2020 18:48

"Nice big drop off at the end" the last trade at 0.07 hitting the bid was just the uncrossing on the final auction of the day at 4:35pm. It been a fairly even day between buyers and sells. After the 1,500,000 sell at 0.071 then the ask dropped to 0.08 from 0.085 but other than that a normal day with nice volume.

[zxie] 23/11/2020 18:11

Price offer

[steel86] 23/11/2020 17:28

Nice big drop off at the end. Not for the first time. Is this company just a paper exercise or what?

[hyper al] 23/11/2020 17:00

I think I will have KOD and chips tonight, as it already feels like Friday :(

DIY job just gone wrong, cracked a porcelain tile in bathroom wall, only tiled two days ago!

[zxie] 23/11/2020 15:12

https://twitter.com/kodalminerals/status/1330884364109049858?s=21

[zxie] 23/11/2020 12:33

Kodal is in a strong position as it is well funded, has confirmed security of tenure over its projects and is continuing to attract strong interest in its flagship Bougouni Lithium Project as well as its suite of gold assets that are well located within the gold bearing Birimian sequence of West Africa.

[zxie] 23/11/2020 12:06

More buy in

[the chairman elect] 23/11/2020 11:00

Kodal Minerals* (KOD LN) – 0.08p, Mkt cap £8.66m – Interim results highlight progress at Bougouni

Kodal Minerals reported a loss in the six-month period ended 30 September of £255k vs £339k in the six-months to 30 September 2019 and £630k for the year to 31 March 2020.

Admin expenses of £171k over the period were lower than last year’s £314k.

The pre-tax loss was reduced to £255k compared to £339k recorded over the same period last year.

A positive currency translation gain of £110k helped reduce the total comprehensive loss for the year to £146k.

Kodal’s mining license application is proceeding through the new Mali transitional government, which has been confirmed by the relevant authorities, and all technical and compliance requirements completed by the company.

Following the grant of this necessary mining license, the Bougouni Lithium Project will be fully permitted for development.

The Company entered a Memorandum of Understanding with Sinohydro Corporation Limited, part of Power China, a massive Chinese parastatal engineering and construction contractor, to work together to develop the Bougouni Lithium Project.

Sinohydro will work with Suay Chin and Shandong Ruifu Lithium Industry Co Ltd, which produces lithium carbonate and lithium hydroxide in China and is expected to take the Bougouni spodumene concentrate.

Kodal entered into two financing agreements with Riverfort Global Opportunities over the six-month period, meaning the Company is now well-funded to continue its Bougouni Lithium Project in Mali and its gold exploration licenses in the Mali and Ivory Coast.

Funding comprised of an equity sharing agreement announced in April 2020 which concluded 7 September, with Kodal receiving total proceeds of £654k vs the £500k subscription entered into the commencement of the ESA; and secondly an unsecured convertible loan note facility for US$1.5m drawn down in two tranches of $750k in July and October 2020.

Bougouni key stats:

220,000tpa of 6% spodumene concentrate over an initial 8.5 years
71% recovery rate of contained lithium
>USD$1.4bn of total revenue at $680/t starting H2 2021 and rising 2%pa
2mtpa throughput with DMS and conventional flotation circuit. Recoveries are acceptable with the DMS on its own.

USD$431/t C1 cash costs or USD$466/t inc. royalties and sustaining capital.

US$117m Capex est. plus contingency:

1.7 year payback est.
58% IRR pre-tax
51% IRR post tax
US$300m NPV7% pre-tax
US$200m NPV7% post-tax

Bernard Aylward, CEO of Kodal Minerals, commented: "The six months ending 30 September have been a busy time for the Company in spite of the impact of the COVID-19 pandemic, associated travel restrictions and the political changes in Mali. Kodal has continued to focus on its flagship Bougouni Lithium Project and the progress of its Mining Licence application.”

"The focus of the Company over the next six months will be on working with the Government of Mali to secure the Mining Licence for the Bougouni Lithium Project and continuing to advance the development of the Project. In addition, the Company will continue field work on its gold assets with work planned to commence in late November in Cote d'Ivoire at the Dabakala project. The Company is maintaining its suite of gold assets in Mali and Cote d'Ivoire, and is continuing to assess opportunities to generate value from them for the Company."

*SP Angel acts as Financial Advisor and Broker to Kodal Minerals

[zxie] 23/11/2020 10:16

The focus of the Company over the next six months will be on working with the Government of Mali to secure the Mining Licence for the Bougouni Lithium Project and continuing to advance the development of the Project. In addition, the Company will continue field work on its gold assets with work planned to commence in late November in Cote d'Ivoire at the Dabakala project. The Company is maintaining its suite of gold assets in Mali and Cote d'Ivoire, and is continuing to assess opportunities to generate value from them for the Company.

[zxie] 23/11/2020 10:09

Sinohydro gives us great confidence that we have teamed up with a group that will bring many positive benefits to the Bougouni Project

[zxie] 23/11/2020 10:03

0.50p soon?

[zxie] 23/11/2020 10:02

One more news close here -- Company well-funded to continue Bougouni Lithium Project development plan and gold exploration strategy with gold exploration activity planned for Cote d'Ivoire to commence in November 2020.

[zxie] 23/11/2020 09:54

Nice rise today

[mr woodland] 23/11/2020 09:18

Buy a little kod